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>> the amount of money and effort people waste on 'enterprise solutions' that are both orders of magnitude more expensive and inferior". Let me give you anoth
by manishsharan 7y ago
>> the amount of money and effort people waste on 'enterprise solutions' that are both orders of magnitude more expensive and inferior".
Let me give you another perspective: One of the reasons the Enron scandal happened was because traders for a major canadian bank,my former employer, kept the trades on their deskop Excel and audit and risk had no way of knowing the actual risk to the bank.
When I was hired to build an expensive enterprise app that allowed only limited set of financial models, every single user hated it at first: it was both orders of magnitude more expensive and inferior". But the bank now has full uptothe minute knowledge of its risk exposure and the system has proven itself.
- perl4ever 7y agoThat's not really what I'm talking about. That's back to front, where you're using Excel as the core repository for important stuff. I'm talking about using VBA/Office the other way around, to combine and report on stuff that lives in various databases and systems, and thereby prevents what you're talking about. The kind of alternatives I was questioning are BI reporting solutions - I have especially painful memories of Qlikview, and I just googled the licensing fees and they are insane.
- manishsharan 7y agoFinanacial models need to exist in a central repository where they could be audited or updated. The issue with Excel is that the model is created/managed on desktops and the enterprise has no way of knowing if the model is accurate. We use Tableau and we like being able to centrally manage the model.